Today's options market reflects sharp divergence in trader sentiment across several high-profile names.
HIMS carries the most notable short backdrop. Short interest sits at 28.8% of free float. Availability of shares to borrow is just 0.6% of SI. That extreme squeeze on supply points to heavy bearish positioning. Options expiries run from this Thursday through September, with near-term contracts the most active.
RIVN hit headlines Monday after a WSJ report of hundreds of layoffs in its sales and service unit. Short interest stands at 17.9% of free float. Availability is a relatively comfortable 118%, suggesting bears can add positions easily. Options expiries cluster at June 18 and July — traders appear positioned for near-term volatility after the news.
NFLX shows the opposite dynamic. Short interest is just 2.4% of free float. Availability is an extraordinary 9,743% of SI — short sellers are not the story here. News of the streamer flexing M&A ambition has put call buyers in the driver's seat. Expiries extend to a September 8 date not seen on peers, suggesting longer-dated bullish bets.
NVDA dominates by sheer options depth. It lists 28 expiry dates — more than any rival. Short interest is minimal at 1.2% of float. Options flow here tracks AI infrastructure spending headlines closely. HPE's fresh announcement integrating NVDA chips drove fresh options interest today.
This is not financial advice.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
